NewEdge Wealth LLC Buys 763 Shares of KKR & Co. Inc. (NYSE:KKR)

NewEdge Wealth LLC boosted its position in KKR & Co. Inc. (NYSE:KKR) by 5.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,710 shares of the asset manager’s stock after purchasing an additional 763 shares during the quarter. NewEdge Wealth LLC’s holdings in KKR & Co. Inc. were worth $2,324,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently made changes to their positions in the company. Hanson & Doremus Investment Management purchased a new position in KKR & Co. Inc. during the fourth quarter worth about $27,000. Crews Bank & Trust purchased a new stake in KKR & Co. Inc. during the 4th quarter valued at about $30,000. Truvestments Capital LLC bought a new position in KKR & Co. Inc. during the 3rd quarter worth approximately $40,000. Bank of New Hampshire purchased a new position in KKR & Co. Inc. in the 4th quarter worth approximately $45,000. Finally, Farmers & Merchants Investments Inc. lifted its position in KKR & Co. Inc. by 17.8% in the fourth quarter. Farmers & Merchants Investments Inc. now owns 430 shares of the asset manager’s stock valued at $64,000 after purchasing an additional 65 shares during the last quarter. 76.26% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently commented on KKR shares. Deutsche Bank Aktiengesellschaft lifted their target price on shares of KKR & Co. Inc. from $158.00 to $159.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Barclays dropped their target price on shares of KKR & Co. Inc. from $185.00 to $181.00 and set an “overweight” rating for the company in a report on Wednesday, February 5th. Oppenheimer lifted their price objective on KKR & Co. Inc. from $153.00 to $175.00 and gave the stock an “outperform” rating in a research report on Thursday, December 12th. Wells Fargo & Company decreased their price objective on shares of KKR & Co. Inc. from $151.00 to $150.00 and set an “equal weight” rating for the company in a report on Wednesday, February 5th. Finally, Hsbc Global Res cut KKR & Co. Inc. from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 30th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $161.43.

KKR & Co. Inc. Stock Up 2.5 %

Shares of NYSE:KKR opened at $135.57 on Friday. The stock has a fifty day simple moving average of $148.93 and a two-hundred day simple moving average of $141.76. The stock has a market capitalization of $120.42 billion, a price-to-earnings ratio of 40.71, a PEG ratio of 1.00 and a beta of 1.67. KKR & Co. Inc. has a 12-month low of $91.92 and a 12-month high of $170.40. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.82.

KKR & Co. Inc. Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were issued a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.52%. The ex-dividend date was Friday, February 14th. KKR & Co. Inc.’s payout ratio is 21.02%.

KKR & Co. Inc. Company Profile

KKR & Co, Inc operates as an investment firm. It offers alternative asset management as well as capital markets and insurance solutions. The firm’s business segments include Asset Management and Insurance Business. The Asset Management segment engages in providing private equity, real assets, credit and liquid strategies, capital markets, and principal activities.